President Donald Trump is set to announce significant private sector investment in artificial intelligence infrastructure, potentially amounting to $500 billion. The investment includes a joint venture named Stargate, initiated by OpenAI, SoftBank, and Oracle, with an initial financial commitment of $100 billion over the next four years. Key executives from these companies are anticipated to attend the announcement at the White House. Following the news, shares of Oracle, Nvidia, Arm Holdings, and Dell saw notable increases, indicating strong market interest in AI ventures.
President Donald Trump is expected to announce up to $500 billion in private sector investment for artificial intelligence infrastructure, featuring a joint venture called Stargate.
The joint venture between OpenAI, SoftBank, and Oracle will start with an initial commitment of $100 billion, aiming to allocate up to $500 billion over four years.
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